Government steps up efforts towards increasing next year’s exports

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The government is speeding up the development of international trade, setting a goal to increase exports by 5 percent next year.

Prime Minister General Prayuth Chan-o-cha chaired a meeting with members of the committee overseeing international trade development, to determine ways to overcome obstacles. Issues on the agenda include adjusting the system to facilitate Thailand’s competition in the global market, as well as strengthening the domestic economy in accordance with government policies.

Seven measures were discussed at the meeting, including the adoption of an open-door trade policy and increased economic cooperation, proactively expanding the market, promoting cross border trade, supporting Thai business operators and investment in foreign countries, restructuring trade in a bid to make it more service oriented, increasing roles of SMEs, and raising added value to industrial exports.

The government expects exports to increase by 5 percent in 2016, taking into account the global situation and demand of trade partners. The government also spoke with Thai exporters regarding next year’s increased target.